Saint Vincent and the Grenadines Fund Administrator License
Key Features
Fund Administrators are required to apply to the Authority for a license to carry on business as administrators. The Act provides that a natural person, any mutual fund, company, trusts or trustee may apply for a license to carry on business as an administrator. Applicants must show evidence that they have or have available to them expertise and resources necessary to carry out the business proposed. The applicant must meet standard fit and proper requirements. All applications to carry on business, as a Fund Administrator must be submitted to the St. Vincent and the Grenadines Financial Services Authority to the attention of the Registrar of Mutual Funds.
Legal Requirements
Requirements |
Description |
General |
|
|
St. Vincent International Company, Partnership or Unit Trust |
· License application fee |
USD 500 |
· Annual license fee |
USD 600 |
|
No |
Share capital or equivalent |
|
· Minimum paid up capital |
None |
Directors |
|
|
2 |
|
Yes |
|
No |
Shareholders |
|
|
2 |
|
Yes |
|
No |
Service Providers Required |
|
|
Yes |
- Minimum formality and speedy approval procedures, which allows funds to be created quickly, once the structure, investment criteria and prospectus have been finalized;
- No exchange controls or other restrictions; and
- Favourable tax regime.
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers